Aurora Investment Managers LLC. Has $1.59 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Aurora Investment Managers LLC. increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,193 shares of the technology company’s stock after buying an additional 336 shares during the period. Aurora Investment Managers LLC.’s holdings in CoStar Group were worth $1,589,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CSGP. ORG Partners LLC lifted its position in shares of CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after purchasing an additional 353 shares during the period. Ashton Thomas Securities LLC bought a new position in CoStar Group during the third quarter worth $40,000. Quarry LP acquired a new position in CoStar Group in the second quarter valued at $54,000. Brooklyn Investment Group bought a new stake in CoStar Group during the third quarter valued at $91,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in CoStar Group during the 2nd quarter worth about $104,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Up 0.6 %

Shares of NASDAQ:CSGP opened at $73.85 on Tuesday. The business’s 50 day moving average is $74.67 and its 200 day moving average is $75.35. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The stock has a market cap of $30.28 billion, a price-to-earnings ratio of 167.84 and a beta of 0.85. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The firm had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JMP Securities restated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Stephens reiterated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a research note on Thursday, January 2nd. William Blair reissued an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Citigroup decreased their price target on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, BMO Capital Markets cut their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.92.

Insider Buying and Selling

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew C. Florance bought 14,731 shares of CoStar Group stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. This represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.57% of the stock is owned by corporate insiders.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.